“Rising Cybersecurity Threats and Stringent Regulatory Frameworks Are Fueling Market Growth”
- One of the key factors propelling the log management market is the sharp increase in cyber threats such as ransomware, phishing, and zero-day attacks. Organizations across sectors are under immense pressure to bolster their cybersecurity frameworks.
- Log management solutions have become essential for real-time monitoring, threat detection, and forensic investigation, offering visibility into network activity and compliance tracking.
For instance,
- In July 2023, the global MOVEit ransomware attack affected numerous government and enterprise systems, prompting urgent reviews of log visibility and data movement. Companies quickly turned to log management systems to investigate breach origins and comply with reporting requirements.
- Furthermore, industries such as BFSI and healthcare are heavily investing in log management tools to adhere to mandates such as HIPAA, GDPR, and PCI-DSS, which require detailed logging and retention of event data. This regulatory pressure is consistently expanding the market's scope.
